Archive for April, 2008

It’s better to do something than to do nothing. Even lolcats, even cute pictures of kittens made even cuter with the addition of cute captions, hold out an invitation to participation. When you see a lolcat, one of the things it says to the viewer is, “If you have some fancy sans-serif fonts on your computer, you can play this game, too.” And that’s message–I can do that, too–is a big change.

I’ve been arguing for a while that blogging and web 2.0 grow out of a surplus of spare time/energy people have in the office — and that smart companies can recycle the energy thrown off by that “spare” work. Shirky takes this to the logical extreme, saying society can do the same. Hat-tip to Gmarch on twitter.

As you may have heard, Blogads is once again repping Wonkette.com. More here, here, and here. The latter link, on the LA Times blog, is particularly good on the nuances of what’s going on.

To answer a question that came up a number of times yesterday: Blogads has zero ownership interest in Wonkette. We’ll be the exclusive ad rep for the blog and our webmaster sister, Pressflex, which hosts sites like TheBanker.com and PerezHilton.com, will serve as its webmaster.

Blogads repped The Wonkette throughout 2004 and 2005 and had a mutually profitable relationship. As Blogads aficionados know, we’re very reluctant right now to accept new blogs in the network; we’re focused on serving our current blogging partners, the bloggers who’ve helped build Blogads, thrive. We’ve committed to represent Wonkette, a blog that’s favorite of DC insiders and boasts a thriving community of commentors, because we believe the addition will add net dollars to the mix of bloggers we already represent.

Like Nick Denton, I think a brisk cold wind is blowing across all media. During the looming depression, times will be particularly tough for new social media companies. Many late arrivals to the field, still flush with cash and pheromone$ injected by VCs eager to hop aboard the Newest New Thing, don’t yet feel the wind or see the snowflakes falling. (As in all gold rushes, a few glimmers of gold dust quickly swelled into golden boulders in the popular imagination, and the greedy and the needy flocked to the promise of gold laden with giant earth movers, leased Porsches and giant Excels stretching into hundred million dollar profitability in 2013.) Now, even as reality turns against the newbies, these folks happily starve or borrow for a while believing they, specially and uniquely, deserve to hit it big. But that willful fantasizing (they patience for now) won’t last forever. We’re beginning to hear rumors that several high valuation VC-funded companies — blog networks, blog publishers, blog whatevers — are almost out of cash, and will need to do down rounds (when early owners find their shares significantly diluted) to raise more cash and stay afloat. More on this in coming weeks. (As Mr. Drudge says “Developing!!!”)

As the social media winter looms, the winners will be the folks with strong relationships, low overheads, a strong commitment on innovation rather than coat-tail riding, and, most of all, a indelible passion for the business. We’re looking forward to seeing you after the bust. Meanwhile, we’ll be mining bronze, silver and some gold with Mr. Denton, Mr. Layne and our many blogging friends.

We’re thrilled that Al Gore’s Alliance for Climate Protection is spending some of its $300 million ad campaign on blogs.

(BTW, we’ve lobbied hard for multiple links, better images, more information and sizzle. I wish the ad and its landing page were about more than harvesting e-mails. Oh, wait, that’s all The Internets are good for.

TV is the place to deliver message right? Afterall, 100% of the candidates who’ve won elected office in the US in the last 30 years have relied on TV advertising, so TV must be essential and effective.